PEZA hosts first sustainability forum on eco-industrial parks

Advancing green innovation and sustainability, the Philippine Economic Zone Authority (PEZA) conducted its inaugural sustainability forum, “Ecozones In-Depth: Eco-Industrial Parks & Green Technologies” on April 22-23, 2024.

Coinciding with Earth Day, the pioneering event held at PEZA’s Head Office educated stakeholders on integrating sustainable practices within economic zone development.

The forum showcased 13 experts, disseminating knowledge on the eco-industrial development framework and green technologies. Day one familiarized PEZA Registered Business Enterprises (RBEs) with sustainable technologies to nurture environmentally-friendly manufacturing. Day two delved into green initiatives, climate financing, and the importance of enhancing sustainability reporting for transparency in environmental, social, and governance (ESG) performance.

This move aligns with global goals for sustainable and energy-efficient development. The forum’s discussions on carbon footprint reduction and carbon market financing are pivotal in urging companies to report their ESG achievements and goals transparently.

Director General Tereso O. Panga stressed the necessity of adaption for climate resilience. “Our aim is to reduce our carbon footprint and negative environmental impact without sacrificing efficiency and profitability,” he stated.

With 423 economic zones and 4,380 enterprises under its belt, PEZA’s drive for eco-friendly practices is pivotal in shielding the nation’s economic zones from the adversities of climate change and enhancing their investment allure.

The event garnered support and commendations from high-level government officials. Senate President Pro Tempore Loren B. Legarda emphasized the transformative potential of sustainable practices in industrial sectors, often stigmatized in climate change debates. She highlighted PEZA’s crucial role in rewriting this narrative through committed environmental stewardship and investment in both technology and human capital.

Similarly, Trade Secretary and PEZA Board Chairman Alfredo E. Pascual lauded PEZA’s leadership, particularly Director General Tereso O. Panga, for championing the administration’s sustainability transition aspirations.